Global Roll-Your-Own-Tobacco Products Market 2019-2023 | Evolving Opportunities with Altria Group Inc. and British American Tobacco | Technavio
LONDON--(BUSINESS WIRE)--Nov 6, 2019--
Technavio has been monitoring the global roll-your-own-tobacco products market since 2018 and the market is poised to grow by USD 16.18 billion during 2019-2023, progressing at a CAGR of almost 8% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global roll-your-own-tobacco products market 2019-2023. (Graphic: Business Wire)
Read the 115-page research report with TOC on “Roll-Your-Own-Tobacco Products Market Analysis Report by Product (RYO tobacco, Filters and tips, and Rolling products), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023”.
The market is driven by the innovations in paper and filter design. In addition, the rising popularity of eco-friendly cigarette papers is anticipated to further boost the growth of the roll-your-own-tobacco products market.
With the growing popularity for flavored accessories such as rolling papers and filters, several vendors are introducing rolling papers in fruity flavors such as blueberry, peach, raspberry, banana, and apple. They are also offering alcohol-inspired flavors such as absinthe and Jamaican rum. The availability of sample kits enables customers to try different flavors before purchasing multiple packs of the products. Such innovations in design and flavor of rolling papers and filters are expected to drive market growth during the forecast period.
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Major Five Roll-Your-Own-Tobacco Products Market Companies:
Altria Group Inc.
Altria Group Inc. is headquartered in the US and operates the business under various business segments such as Smokeable products, Smokeless products, and Wine. The company offers RYO tobacco products under the brand names Bond Street, Chesterfield, and Marlboro.
British American Tobacco
British American Tobacco is headquartered in the UK and offers products through the following business units: United States, APME, AMSSA, and ENA. The company offers fine-cut tobacco under the brand names Pall Mall, Camel, and Dunhill.
Imperial Brands is headquartered in the UK and has business operations under two business segments, namely Tobacco & NGP and Distribution. The company offers a range of RYO tobacco products under the brand names Rizla, Golden Virginia, Davidoff, West, and Drum.
Japan Tobacco Inc.
Japan Tobacco Inc. is headquartered in Japan and offers products through the following business segments: International Tobacco, Japanese Domestic Tobacco, Pharmaceutical, and Processed Food. The company offers RYO tobacco under the brand names Old Holborn and Amber Leaf.
PHILIP MORRIS INTERNATIONAL INC.
PHILIP MORRIS INTERNATIONAL INC. is headquartered in the US and offers products through the following product segments: Combustible products and Reduced-risk products. The company offers RYO tobacco under the brand names Canadian Classics, Peter Jackson, and Longbeach.
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Roll-Your-Own-Tobacco Products Product Outlook (Revenue, USD Million, 2019 - 2023)
Roll-Your-Own-Tobacco Products Regional Outlook (Revenue, USD Million, 2019 - 2023)
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Related Reports on Consumer Staplesare:
Tobacco Market – Global Tobacco Market by product (combustible tobacco products and smokeless tobacco products) and geography (APAC, Europe, North America, MEA, and South America).
Hookah Tobacco Market – Global Hookah Tobacco Market by product (strong hookah tobacco, mild hookah tobacco, and light hookah tobacco) and application (fruit-flavored hookah tobacco, beverage-flavored hookah tobacco, confectionery-flavored hookah tobacco, and spice-flavored hookah tobacco).
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PUB: 11/06/2019 09:30 AM/DISC: 11/06/2019 09:30 AM